I am six weeks into the sale of my flat in South Kensington and the EA has just text me to advise that the purchasers are switching property lawyer. I am told that this is due to the fact that the lender will only work with property lawyers on their approved list. Why would a big named lender only engage with certain solicitors rather the firm that they want to appoint to handle their conveyancing in South Kensington ?
Mortgage companies have always had panels of law firms that can represent them, but in the last few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Lenders point to the increase in fraud by way of justification for the cull – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are not going to have any impact on this.
I am purchasing a terraced house in South Kensington. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in South Kensington you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in South Kensington.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial land in South Kensington?
Its becoming the norm that commercial conveyancing solicitors in South Kensington will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in South Kensington. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Kensington.
For every commercial conveyancing transaction in South Kensington it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to South Kensington commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in South Kensington.
I am looking to sell my house. My previous conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in South Kensington if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in South Kensington. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
I am using a search engine for the term cheap conveyancing in South Kensington it brings up numerous conveyancerslocally. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?
The preferential method of seeking the right conveyancer is through a personal referral, so enquire of colleagues and those you trust who have purchased a property in South Kensington or a local estate agent or financial adviser. Fees for conveyancing in South Kensington vary, so it's sensible to obtain a minimum of three costs illustrations from different solicitors. Dont forget to clarify what costs in the quote includes.